Bank Exposure definition

Bank Exposure means, with respect to any Bank at any time, any and all then outstanding Obligations of any kind owed or owing by any and all of the Obligors to such Bank under any or all of the Bank Facilities, including Loans, Available Amounts, Unfunded Commitments, interest, fees, reimbursable amounts and other amounts, direct or indirect contingent or otherwise.
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Bank Exposure means any one or more of the following: (w) the Loan is in violation of applicable law, or (x) the Mortgaged Property or any portion thereof (including, without limitation, the rents or other income to be derived therefrom) is subject to forfeiture or to being frozen, seized, sequestered or otherwise impaired by any governmental authority, or (y) the Loan or any payments made or to be made in respect thereof (including, without limitation, principal and interest) is subject to forfeiture or to being frozen, seized, sequestered or otherwise impaired by a governmental authority or Bank or any of Bank's collateral for the Loan or the lien priority thereof or any of Bank's rights or remedies in respect of the Loan or the collateral therefor is otherwise impaired or adversely affected, or (z) Bank is subject to criminal or civil liability or penalty; (2) Borrower is not in violation of the U.S. Federal Bank Secrecy Act, as amended, and its implementing regulations (31 CFR part 103), the Patriot Act, any order issued with respect to anti-money laundering by the U.S. Department of the Treasury's Office of Foreign Assets Control (“OFAC”), or any other anti-money laundering law with the result that Bank Exposure will occur; (
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Bank Exposure means any one or more of the following: (w) the Loan is in violation of applicable law, or (x) the Mortgaged Property or any portion thereof (including, without limitation, the rents or other income to be derived therefrom) is subject to forfeiture or to being frozen, seized, sequestered or otherwise impaired by any governmental authority, or (y) the Loan or any payments made or to be made in respect thereof (including, without limitation, principal and interest) is subject to forfeiture or to being frozen, seized, sequestered or otherwise impaired by a governmental authority or Bank or any of Bank's collateral for the Loan or the lien priority thereof or any of Bank's rights or remedies in respect of the Loan or the collateral therefor is otherwise impaired or adversely affected, or (z) Bank is subject to criminal or civil liability or penalty;
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Examples of Bank Exposure in a sentence

  • After giving effect to such proposed Bank Project Loan and all other Extensions of Credit on such Borrowing Date, the Relative Bank Exposure will not exceed the Relative Institutional Exposure.

  • The Banks hereby acknowledge that it would be desirable if, at all times during the Construction Period, the Relative Bank Exposure were equal to the Relative Institution Exposure.

  • A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, the LC Issuing Bank Exposure of such LC Issuing Bank would not exceed its LC Commitment.

  • Optional prepayments of revolving Bank Facilities and Permanent Reductions of Bank Exposure will be permitted at any time, without premium or penalty, other than breakage costs for prepayments not made at the end of an interest period.

  • For the avoidance of doubt, if the proceeds of any Equity Issuance or Debt Issuance exceed the amount of New Bank Exposure immediately prior to the application of such proceeds to repay or prepay outstanding Loans or Cash Collateralize L/C Obligations, then this Section 8.7(a) shall apply only to the proceeds remaining after the repayment, prepayment or Cash Collateralization, as the case may be, of such New Bank Exposure.

  • The Goods are supplied with the benefit of the Warranty subject to the conditions and exclusions set out therein.

  • For the avoidance of doubt, if the amount applied to any such repayment, prepayment or Cash Collateralization exceeds the amount of New Bank Exposure immediately prior to such application, then this Section 8.7(b) shall apply only to the amount of such excess.

  • Optional prepayments of the Bank Facilities and Permanent Reductions of Bank Exposure will be permitted at any time, without premium or penalty, other than breakage costs for prepayments not made at the end of an interest period; provided that any reduction of an Independent L/C Commitment shall require the consent of the affected Independent L/C Issuer.